In Davos, Mnuchin dismisses concerns over Trump's economic agenda
His decision to attend was a surprise, given his protectionist policies.
In response to reporters' questions, both Mr Trump and Mrs May said they would "talk about" his mooted state visit to the United Kingdom, but neither gave any clues as to when it might take place.
Commerce Secretary Wilbur Ross later told CNBC that his colleague was "not advocating for a weaker dollar", but he also struck a combative tone.
Mr Trump said he expected trade between the U.S. and United Kingdom to "increase many times" over the coming years.
"America first is not America alone", said White House senior economic adviser Gary Cohn, who is traveling with Trump. "And the president believes that".
A weak dollar would potentially boost USA exporters but cause headaches for all other trading nations.
Theresa May and Donald Trump did their best to put on a united front at the World Economic Forum in Davos in the first meeting of the two leaders since Mr Trump came under criticism for retweeting a year ago material from the far-right group Britain First.
Italian Prime Minister Paolo Gentiloni, asked what his message to Trump was, offered a defense of multilateral cooperation and warned against undermining that.
French President Emmanuel Macron and German Chancellor Angela Merkel "stole the show" at Davos already, Kaplan added, after the European leaders used separate speeches on Wednesday to push back hard against the Trump manifesto.
"(This trip) is about an America First agenda but America First does mean working with the rest of the world", Mnuchin told reporters on the sidelines of the elite business conference in the Swiss ski resort of Davos. U.S. Commerce Secretary Wilbur Ross told reporters Thursday America is "more interested" in bilateral trade deals than multilateral ones - stoking fears that Trump's vow to renegotiate global agreements such as the North American Free Trade Agreement (NAFTA) with Mexico and Canada may not go well.
E*TRADE Financial (ETFC) Issues Earnings Results, Misses Expectations By $0.13 EPS
Ontario Teachers Pension Plan Board holds 0% of its portfolio in E*TRADE Financial Corporation (NASDAQ: ETFC ) for 6,706 shares. Pennant Capital Management Llc decreased E Trade Financial Corp ( ETFC ) stake by 12.85% reported in 2017Q3 SEC filing.
Alaska man arrested after Nebraska trooper finds 227lbs. of pot during stop
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Align Technology (ALGN) Downgraded to "Equal Weight" at Stephens
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Ross said USA trade actions were provoked by "inappropriate behavior on the part of our trading counterparties". China and South Korea condemned the tariffs, with Seoul set to complain to the World Trade Organization over the "excessive" move.
"A much better way would be to focus on how to expand our bilateral trade, so it would be a dynamic balance", Cui said.
Simon Derrick, chief currency strategist at BNY Mellon, said no U.S. Treasury Secretary in the past 15 years or so "has been quite so blunt in highlighting the advantages of a weaker currency".
A slide in the US dollar should help USA exporters, but Mnuchin also added a nuanced outlook: "Longer term, the strength of the dollar is a reflection of the strength of the USA economy and the fact that it is and it continues to be the primary currency in terms of the reserve currency".
Trump joined a large USA delegation already making waves.
One female admirer grabbed Trump's autograph while other delegates muttered - out of his earshot - about wanting to pelt him with fruit.
Mnuchin sparked a large dollar sell-off Wednesday when he said the recent fall in the value of the dollar was "good" for trade because it makes US exports less expensive.
Earlier on Tuesday, Canada's Trudeau called the new trade agreement, expected to be signed in Chile in March, the "right deal".
Their talks also took in the Middle East and Brexit, Downing Street said.
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